APPLICABLE FINAL TERMS. Dated 4 September 2015 SOCIÉTÉ GÉNÉRALE EFFEKTEN GMBH

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1 APPLICABLE FINAL TERMS Dated 4 September 2015 SOCIÉTÉ GÉNÉRALE EFFEKTEN GMBH Issue of 1,000,000 CASH SETTLED CALL WARRANTS LINKED TO THE DAX INDEX Unconditionally and irrevocably guaranteed by Société Générale under the Warrants Issuance Programme PART A CONTRACTUAL TERMS Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions set forth under the heading "Terms and Conditions of the Warrants" in the base prospectus dated 23 July 2014 as amended by the supplements thereto dated 13 August 2014, 15 October 2014, 1 December 2014 and 10 April 2015, which are incorporated by reference in the base prospectus dated 31 July 2015 and to which the Warrants will be subject (which constitutes a Base Prospectus for the purposes of article 5.4 of the Prospectus Directive 2003/71/EC) (the Prospectus Directive) as amended (which includes the amendments made by Directive 2010/73/EU (the 2010 PD Amending Directive) to the extent that such amendments have been implemented in a Member State). This document constitutes the Final Terms of the Warrants described herein for the purposes of Article 5.4 of the Prospectus Directive and Article 8.4 of the loi luxembourgeoise relative aux prospectus pour valeurs mobilières dated 10 July 2005, as amended, which implements the Prospectus Directive and must be read in conjunction with the Base Prospectus and any supplement thereto and any other supplement published prior to the Issue Date (as defined below) (Supplement(s)); provided, however, that to the extent such Supplement (i) is published after these Final Terms have been signed or issued and (ii) provides for any change to the Terms and Conditions as set out under the heading "Terms and Conditions of the Warrants", such change(s) shall have no effect with respect to the terms and conditions of the Warrants to which these Final Terms relate. Full information on the Issuer, the Guarantor and the offer of the Warrants is only available on the basis of the combination of these Final Terms, the Base Prospectus and any Supplement(s). A summary of the Warrants (which comprises the summary in the Base Prospectus as amended to reflect the provisions of these Final Terms) is annexed to these Final Terms. Copies of the Base Prospectus, any Supplement(s) and these Final Terms are available for inspection from the head office of the Issuer, the Guarantor, the specified offices of the Paying Agents and, on the website of the Issuers ( 1. Date on which the Warrants become fungible: Not applicable 2. Settlement Currency: EUR 3. Number of Warrants: 1,000, Issue Price: EUR 10 per Warrant 5. Issue Date: 04/09/ Notional Amount per Warrant: EUR Expiration Date (Fixed Scheduled Exercise Style Warrants): 21/01/ (i) Settlement Date: As set out in Condition 5 of the General Terms and Conditions

2 (ii) Scheduled Settlement Date: Not applicable 9. Type of Warrants: Fixed Scheduled Exercise The Warrants are Call Warrants The Warrants are Index Linked Warrants The Warrants are Fixed Leverage Warrants The provisions of the following Additional Terms and Conditions apply: Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants Additional Terms and Conditions for Index Linked Warrants Such Additional Terms and Conditions contain, amongst others, the provisions for determining any amount where calculation is impossible or impracticable 10. Reference of the Product: "Fixed Leverage Bull", as described in the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants Pursuant to Condition of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants, Condition of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants shall not apply to the Warrants. PROVISIONS RELATING TO SETTLEMENT 11. Type of Settlement: The Warrants are Cash Settled Warrants 12. Cash Settlement Amount: As set out in Condition 5.1 of the General Terms and Conditions 13. Conversion Rate: Not applicable 14. Substitute Conversion Rate: Not applicable 15. Physical Delivery Warrant Provisions: Not applicable 16. Parity: Not applicable 17. Final Settlement Price: Unless previously exercised or cancelled in accordance with the Terms and Conditions, the Final Settlement Price for each Warrant will be determined in accordance with the following provisions: Condition of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants shall apply as follows: Final Settlement Price = Notional Amount x Product Formula(T)

3 Where: Product Formula(T) = BaseSettlementLevel_FSP + (1 / BaseAmount) x Max(InitialValue x FX(0) x Ratio(T) x (LSCL(T) / LSCL(0)) - C(T);0) x (1 / FX(T+1)) 18. Averaging Date(s): Not applicable 19. Optional Early Expiration at the option of the Issuer: Applicable as per Condition 5.6 of the General Terms and Conditions (i) Optional Early Settlement Amount: Determined in accordance with Option 3 of Condition 5.6 of the General Terms and Conditions (ii) Optional Early Settlement Price: Determined in accordance with Option 3 of Condition 5.6 of the General Terms and Conditions (iii) Optional Early Expiration in Part: Not applicable (iv) Optional Early Settlement Valuation Date: Means the third Valuation Date following the date of the notice by which the Issuer has notified the Warrantholders that the Warrants will be subject to Early Expiration at the option of the Issuer in accordance with Condition 5.6 of the General Terms and Conditions. (v) Notice Period: Means the period starting on the date of the notice by which the Issuer has notified Warrantholders that the Warrants will be subject to Early Expiration at the option of the Issuer in accordance with Condition 5.6 of the General Terms and Conditions and ending on the Optional Early Expiration Date, provided that any such notice is received at least four (4) Valuation Dates prior to the Optional Early Expiration Date. (vi) Optional Early Expiration Date: Means the fourth Valuation Date following the date of the notice by which the Issuer has notified the Warrantholders that the Warrants will be subject to Early Expiration at the option of the Issuer in accordance with Condition 5.6 of the General Terms and Conditions. (vii) Optional Early Settlement Date: Not later than the twelfth Business Day following the Optional Early Expiration Date. 20. Optional Early Expiration at the option of the Warrantholder: Not applicable 21. Event-linked Early Expiration: Not applicable 22. Trigger early settlement at the option of the Issuer: Applicable as per Condition 5.8 of the General Terms and Conditions Early Trigger Level Settlement Amount(s) payable: As per Condition 5.8 of the General Terms and Conditions

4 24. Structured Amount Warrants: Not applicable PROVISIONS RELATING TO EXERCISE 25. Exercise: Automatic Exercise (i) Exercise Price: EUR 0 per Warrant (ii) Minimum Exercise Number: Not applicable (iii) Maximum Exercise Number: Not applicable (iv) Units Not applicable 26. Credit Linked Warrants Provisions Not applicable 27. Bond Linked Warrants Provisions Not applicable PROVISIONS APPLICABLE TO THE UNDERLYING(S) IF ANY 28. (i) Underlying(s): The following Index as defined below: (ii) Index name DAX Index Bloomberg page DAX Index Index Sponsor Deutsche Börse AG Information relating to the past and future performances of the Underlying(s) and volatility: Exchange Frankfurt Stock Exchange Related Exchange Eurex Web Site Information relating to the performance of the Underlying is available on the website specified above and details regarding the volatility of the Underlying can be obtained on the Bloomberg page specified above and, upon request, at the London office of Société Générale and at the office of the Agent. (iii) Provisions relating, amongst others, to the Market Disruption Event(s) and/or Disruption Event(s) and/or Extraordinary Event(s) and/or Monetisation until the Expiration Date and/or any additional disruption event as described in the relevant Additional Terms and Conditions: The provisions of the following Additional Terms and Conditions apply: Additional Terms and Conditions for Index Linked Warrants (iv) Other information relating to the Underlying(s): Information or summaries of information included herein with respect to the Underlying(s), has been extracted from general databases released publicly or by any other available information. Each of the Issuer and the Guarantor confirms that such information has been accurately reproduced and that, so far as it is aware and is able to ascertain from information published, no facts have been omitted which would render the reproduced information inaccurate or misleading. DEFINITIONS 29. (i) Definitions relating to date(s): Applicable

5 Valuation Date(i) means each Scheduled Trading Day from (and including) the Initial Valuation Date to (and including) the Final Valuation Date. Valuation Date(0) means the Initial Valuation Date, Valuation Date (T) means the Final Valuation Date and for each day (i) between 1 (included) and (T-1) (included), Valuation Date(i) is the Scheduled Trading Day immediately following Valuation Date(i-1). Initial Valuation Date means 03/09/2015. Final Valuation Date means 14/01/2033. (ii) Definitions relating to the Product: Applicable, subject to the provisions of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants Specific Definitions relating to the determination of the Product Formula FX(i) means, for any Valuation Date(i), the spot exchange rate as of the FXSourceFixingTime to convert the BaseCurrency into the LeveragedStrategyCurrency in respect of such Valuation Date(i), as published by the FXSource, or any successor thereto. If no such rate is available on such Valuation Date(i), FX(i) shall be the first available spot exchange rate as of the FXSourceFixingTime to convert the BaseCurrency into the LeveragedStrategyCurrency following such day, as published by the FXSource, or any successor thereto. If the BaseCurrency and the LeveragedStrategyCurrency are the same, then FX(i) shall be equal to 1. Ratio or Ratio(i) means, for each Valuation Date(i), the value of Ratio(i) in respect of each Warrant on such Valuation Date(i), which shall be the value of Ratio(i) on the Valuation Date(i-1) unless adjusted by the Calculation Agent in accordance with the following provisions. If, on any Valuation Date(i) from, but excluding, the Initial Valuation Date to, and including, the Final Valuation Date: C(i) / IV(i) > RatioResetThreshold then the Calculation Agent shall adjust the value of Ratio(i) in respect of such Valuation Date(i). The Calculation Agent may also, on any Valuation Date(i) from, but excluding, the Initial Valuation Date to, and including, the Final Valuation Date, elect in its sole discretion to adjust the value of Ratio(i) in respect of such Valuation Date(i). If the Calculation Agent adjusts the value of Ratio(i), it shall do so in accordance with the following formula: Ratio(i)= (Ratio(i -1) x LSCL(i) - C BEFORE (i) x (LSCL(0) / (InitialValue x FX(0)))) / LSCL(i) The initial value of Ratio(i) shall be equal to Ratio(0) = RatioInitial. C BEFORE (i) is determined in accordance with the following formula:

6 C BEFORE (i) = C(i -1) + ((ACT(i -1;i) / DayCountBasisCommission) x (%CommissionRate(i) + %GapPremiumRate(i) + %CollatCostRate(i) + %QuantoRate(i)) x IntrinsicValue(i)) Commission(i), Commission or C(i) means, in respect of each Valuation Date(i): Intrinsic Value, IntrinsicValue(i) IV(i) or if (i) is the Initial Valuation Date or a day on which the value of Ratio(i) has been adjusted in accordance with the definition of "Ratio or Ratio(i)" herein: 0 and otherwise: C(i) = C(i-1) + (ACT(i-1;i) / DayCountBasisCommission) x (%CommissionRate(i) + %GapPremiumRate(i) + %CollatCostRate(i) + %QuantoRate(i)) x IntrinsicValue(i) means in respect of each Valuation Date(i), an amount determined by the Calculation Agent in accordance with the following formula: IntrinsicValue(i) = Max(InitialValue x FX(0) x Ratio(i-1) x (LSCL(i) / LSCL(0)) - C(i-1);0) Specific Definitions relating to the Leveraged Strategy AdjPrice(i-1) is determined, for each Valuation Date(i), according to the following formula: Price(i-1) -%DistRate(i) x Dist(i) CashRate or CashRate(i) means, for each Valuation Date(i): (1) the level of the RateOvernight for such Valuation Date(i); or (2) the last available level displayed of RateOvernight, if a level of RateOvernight dated as of such Valuation Date(i), in both cases as determined by the Calculation Agent provided that if in the case of (2) above RateOvernight is not displayed on the RateOvernightScreenPage (or, if applicable, any successor service or page used by the Calculation Agent for the purpose of ascertaining such rate) for a period of more than 7 Valuation Dates and such rate is, in the opinion of the Calculation Agent, reasonably expected to be discontinued (such rate then being the "Discontinued Rate") then the Calculation Agent shall determine CashRate(i) (a) by selecting a successor rate for such Discontinued Rate which offers similar economic characteristics to the Discontinued Rate or, if the Calculation Agent determines that no such successor rate exists, (b) on the basis of the cost that Société Générale would charge or be charged to borrow cash in the LeveragedStrategyCurrency on an overnight basis. Leveraged Strategy Closing Level or LSCL(i) means, for any Valuation Date(i), the Closing Level of the Leveraged Strategy as of such day (i), as such level may be adjusted in accordance with the terms of Condition of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants. Subject to the occurrence of an Intraday Restrike Event (following which the Leveraged Strategy Closing Level

7 will be determined in accordance with Condition of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants), for each Valuation Date(i), the Leveraged Strategy Closing Level as of such Valuation Date(i) is calculated in accordance with the following formulae: On Valuation Date(0): LSCL(0) = LSCLInitial On each subsequent Valuation Date(i): LSCL(i) = Max(LSCL(i-1) x (1 + Leverage x ((Price(i) / AdjPrice(i-1)) -1) + (1-Leverage) x Rate(i-1) x ACT(i-1,i) / DayCountBasisRate),0) For the purposes of determining LSCL(i) on a Valuation Date immediately following an Intraday Restrike Event Reference Day, references to (i-1) in the formula of LSCL(i) above shall be deemed to be references to (i') (as defined in Condition of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants). Leveraged Strategy Level or LSL(i,v) means, for any Valuation Date(i) and any Calculation Time(v), the latest level of the Leveraged Strategy as of such Calculation Time(v), as such level may be adjusted in accordance with the terms of Condition of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants. Subject to the occurrence of an Intraday Restrike Event (following which the Leveraged Strategy Level will be determined in accordance with Condition of the Additional Terms and Conditions relating to One- Delta, Fixed Leverage and Turbo Warrants), for each Valuation Date(i) and each Calculation Time(v), the Leveraged Strategy Level as of such Calculation Time(v) is calculated in accordance with the following formula: LSL(i,v) = Max(LSCL(i-1) x (1+ Leverage x ((Price(i,v) / AdjPrice(i-1)) -1) + (1-Leverage) x Rate(i-1 ) x ACT(i-1,i) / DayCountBasisRate),0) Rate or Rate(i) means, for each Valuation Date(i), an annual rate calculated as of such day in accordance with the following formula: Rate(i) = CashRate(i) + %SpreadLevel(i) Price(i) Price(i,v) Calculation Time means, in respect of each Valuation Date(i), the Reference Price of the Underlying as of such Valuation Date(i), subject to the adjustments and provisions of the Additional Terms and Conditions for Index Linked Warrants. means, in respect of each Valuation Date(i) and Calculation Time(v), the Intraday Price of the Underlying as of such Valuation Date(i) and Calculation Time(v). means with respect to the Underlying, any time between the TimeReferenceOpening and the TimeReferenceClosing, provided that the relevant data is available to enable the Calculation Agent to

8 determine the Leveraged Strategy Level. Distributions and corporate actions affecting the Underlying: Specific Definitions Dist(i) means Dist(i-1, i) Underlying Distributions, or Dist(i1,i2) means, for any dates (i1) and (i2), the sum of all Gross Ordinary Distributions paid in respect of the Underlying, which have an ex date between (i1) (excluded) and (i2) (included). Extraordinary Strategy Adjustment for Performance Reasons If such Gross Ordinary Distribution is not denominated in the currency of the Underlying, this Gross Ordinary Distribution will be converted into such currency by the Calculation Agent using the latest available spot exchange rate as of the FXSourceFixingTime as published on the Valuation Date immediately preceding the relevant Valuation Date(i) by the FXSource. If no such rate is available on the Valuation Date immediately preceding such Valuation Date(i), such rate shall be the first available spot exchange rate as of the FXSourceFixingTime to convert such Gross Ordinary Distribution into the Currency of the Underlying following such Valuation Date(i), as published by the FXSource, or any successor service or page used by the Calculation Agent for the purposes of ascertaining such rate. (i ) AdjPrice(i ) means the Intraday Restrike Event Reference Day which corresponds to the Intraday Restrike Event immediately preceding the Calculation Time(v). is determined according to the following formula: AdjPrice(i' ) = Price(i',V REF (v)) - %DistRate(CRD) x Dist(i',CRD) AdjPrice(i(REF)) means, (1) if i(ref) is an Intraday Restrike Event Reference Day, then: AdjPrice(i(REF)) = Price(i'',v1) - %DistRate(i') x Dist(i'',i') (2) or otherwise: AdjPrice(i(REF)) = Price(i'-1) - %DistRate(i') x Dist(i'-1,i'). Extraordinary Strategy Adjustment for Performance Reasons If the Calculation Agent determines that an Intraday Restrike Event has occurred at a Calculation Time(v) during a Valuation Date(i), an adjustment (an Extraordinary Strategy Adjustment for Performance Reasons) shall take place during such Valuation Date(i) in accordance with the following provisions. The real time calculation of the Leveraged Strategy shall be suspended during the Intraday Restrike Event Observation Period and resume in accordance with Condition of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants within 15 minutes following the end of such Intraday Restrike Event Observation Period (the point of such resumption being the Calculation Resume Time and the day on which such resumption occurs being the Calculation Resume Day or CRD). Should the end of the Intraday Restrike Event Observation Period occur less than 15 minutes before the TimeReferenceClosing on the Intraday Restrike

9 Event Reference Day, the Calculation Resume Time shall be the TimeReferenceClosing which immediately follows the end of the Intraday Restrike Event Observation Period. On each Calculation Resume Day, from the Calculation Resume Time, LSCL(CRD) and LSL(CRD,v) will be determined as follows: For each Calculation Time(v) during such Calculation Resume Day following the end of the Intraday Restrike Event Observation Period, the Leveraged Strategy is calculated according to the following formula: LSL(CRD,v) = LSL(i',V REF (v)) x (1 + Leverage x ((Price(CRD,v) / AdjPrice(i')) - 1) + (1 - Leverage) x Rate(i') x ACT(i',CRD) / DayCountBasisRate) and at the TimeReferenceClosing of such Calculation Resume Day: LSCL(CRD) = LSL(i',V REF (v)) x (1 + Leverage x ((Price(CRD) / AdjPrice(i')) - 1) + (1 - Leverage) x Rate(i') x ACT(i',CRD) / DayCountBasisRate) i(ref) means the latest of the (1) Intraday Restrike Event Reference Day immediately preceding (i ) in which case i(ref) is referred to as (i ) and the latest Intraday Restrike Event Reference Time on such Intraday Restrike Event Reference Day is referred to as (v1) and (2) the Valuation Date which immediately precedes (i ) in which case i(ref) is referred to as (i'-1). Intraday Reference Level means, in respect of Valuation Date(i) and a Calculation Time(v), the Underlying level as of (1) the last Intraday Restrike Event Reference Time preceding and excluding such Calculation Time(v) or (2) if no Intraday Restrike Event has occurred on such day, the closing level of the Underlying on the immediately preceding Valuation Date. Intraday Restrike Event Intraday Restrike Event Observation Period means, in respect of a Valuation Date(i), the decrease at a Calculation Time(v) of the Underlying level below the DailyRestrikePercentage of the relevant Intraday Reference Level at such Calculation Time. means in respect of an Intraday Restrike Event, the period starting on and excluding the Intraday Restrike Event Time and finishing on and including the time falling 15 minutes after the Intraday Restrike Event Time. Where, during such 15 minute period, the Calculation Agent determines that (1) the level of the Underlying is not disseminated by the Index Sponsor or (2) the Exchange or the Related Exchange is not open for continuous trading, the Intraday Restrike Event Observation Period will be extended to the extent necessary until (1) the level of the Underlying is calculated and disseminated by the Index Sponsor and (2) the Exchange and the Related Exchange are open for continuous trading for an aggregate period of 15 minutes. If the Intraday Restrike Event Observation Period would not end by the TimeReferenceClosing: (1) such day will not be a Valuation Date for the purposes of determining any element of the Leveraged Strategy, except (a) for the purpose of calculating LSL(i,v REF (v)) and AdjPrice(i ) (and the constituent parts thereof) corresponding to the applicable Intraday Restrike Event and (b) for the purpose of calculating LSL(i,v REF (v)) and

10 AdjPrice(i ) (and the constituent parts thereof) with respect to any previous Intraday Restrike Event that has occurred on such day, if any; and (2) such Intraday Restrike Event Observation Period shall be extended to the following Valuation Date to the extent necessary until the Calculation Agent determines that (a) the level of the Underlying is calculated and disseminated by the Index Sponsor and (b) the Exchange and the Related Exchange are open for continuous trading for an aggregate period of 15 minutes. For the purpose of determining the Intraday Restrike Event Observation Period only, the Exchange shall not be considered to be open for continuous trading during its closing auction period (as provided under the rules of the Exchange). Intraday Restrike Event Reference Day Intraday Restrike Event Reference Time Intraday Restrike Event Time LSL(i,V REF (v)) means, in respect of an Intraday Restrike Event Observation Period, the day on which the Intraday Restrike Event Reference Time occurs. means, in respect of an Intraday Restrike Event Observation Period, the Calculation Time on which the Leveraged Strategy Level reaches its lowest value during such period. means in respect of an Intraday Restrike Event, the Calculation Time on which such event occurs. is calculated in accordance with the following formulae: (1) where, in respect of an Intraday Restrike Event, one or more Intraday Restrike Event Times have previously occurred with an Intraday Restrike Event Reference Time occurring on (i ), then (with the latest Intraday Restrike Event Reference Time, immediately preceding V REF (v), being "v1"): LSL(i',V REF (v)) = LSL(i',v1) x (1 + Leverage x ((Price(i,V REF (v)) / Price(i',v1)) - 1)) Where LSL(i',v1) is determined in accordance with Condition of the Additional Terms and Conditions relating to One Delta, Fixed Leverage and Turbo Warrants but with "V REF (v)" replaced by "v1". (2) in circumstances other than those set out in (1): LSL(i',V REF (v)) = LSLREF(i(REF)) x (1 + Leverage x ((Price(i',V REF (v)) / AdjPrice(i(REF))) -1) + (1- Leverage) x Rate(i(REF)) x (ACT(i(REF),i') / DayCountBasisRate)) LSLREF(i(REF)) V REF (v) means, if i(ref) is an Intraday Restrike Event Reference Day then LSL(i'',v1); or otherwise LSCL(i'-1). means the latest Intraday Restrike Event Reference Time preceding, and excluding, Calculation Time(v). Applicable Rates %CollatCostRate(i) means 0% The level of %CollatCostRate is fixed at 0% in accordance with Condition 2.5(i) of the Additional Terms and Conditions relating to One-Delta, Fixed Leveraged and Turbo Warrants. %CommissionRate(i) means, in respect of each Valuation Date(i), the annual commission rate as of such Valuation Date(i). The level of the annual commission rate will be determined by the

11 %DistRate(i) means 0% Calculation Agent. %CommissionRate(i) is subject to a minimum of 0% and maximum of 0.45% and is initially equal to 0.45% at the Initial Valuation Date. The level of %CommissionRate is subject to a cap of 2% and a floor of 0% in accordance with Condition 2.5(ii) of the Additional Terms and Conditions relating to One-Delta, Fixed Leveraged and Turbo Warrants. The level of %DistRate is fixed at 0% in accordance with Condition 2.5(i) of the Additional Terms and Conditions relating to One-Delta, Fixed Leveraged and Turbo Warrants. %GapPremiumRate(i) means %GapPremiumRateInitial as of Valuation Date(0) %QuantoRate(i) means 0% %SpreadLevel(i) means 0.50% Variable Data %GapPremiumRateInitial Means 0.60% For each subsequent Valuation Date(i), the value of %GapPremiumRate(i) may be amended by the Calculation Agent in order to reflect the cost that the Issuer (or any of its affiliates) would charge to replicate the performance of the Leveraged Strategy, which includes, inter alia, the costs of hedging the risk of the market value of the Warrant becoming negative. The level of %QuantoRate is fixed at 0% in accordance with Condition 2.5(i) of the Additional Terms and Conditions relating to One-Delta, Fixed Leveraged and Turbo Warrants. The level of %SpreadLevel is fixed at 0.50% in accordance with Condition 2.5(i) of the Additional Terms and Conditions relating to One-Delta, Fixed Leveraged and Turbo Warrants. BaseAmount BaseCurrency Means the Notional Amount per Warrant Means EUR BaseSettlementLevel_FSP Means 0% DailyRestrikePercentage Means 94.5% DayCountBasisCommission Means 365 DayCountBasisRate Means 360 FXSource FXSourceFixingTime InitialValue Means the WM Company Means the closing fixing time of the FXSource as published by the WM Company Means the Issue Price Leverage Means 15 LeveragedStrategyCurrency Means EUR

12 LSCLInitial Means RatioInitial Means 1 RatioResetThreshold Means 20% RateOvernight RateOvernightScreenPage TimeReferenceClosing TimeReferenceOpening Options applicable to Reference Price Reference Price Means EONIA rate Means EONIA= Reuters page Means the scheduled closing time of Frankfurter Wertpapierbörse (FWB, the Frankfurt Stock Exchange) Means the scheduled opening time of Frankfurter Wertpapierbörse (FWB, the Frankfurt Stock Exchange) Option Closing Price is applicable PROVISIONS RELATING TO SECURED WARRANTS 30 Secured Warrant Provisions: Not applicable PROVISIONS RELATING TO PORTFOLIO LINKED WARRANTS 31. Portfolio Linked Warrant Provisions: Not applicable GENERAL PROVISIONS APPLICABLE TO THE WARRANTS 32. Provisions applicable to payment date(s): - Payment Business Day: Following Payment Business Day - Financial Centre(s): TARGET Events of Default: Applicable 34. Minimum Trading Number: One (1) Warrant 35. Form of the Warrants: Dematerialised Uncertificated Finnish Warrants in book entry form issued, cleared and settled through Euroclear Finland in accordance with the Finnish Act on the Book-Entry System and Clearing Operations (Fi. Laki arvo-osuusjärjestelmästä ja selvitystoiminnasta 749/2012) and the Finnish Act on Book-Entry Accounts (Fi. Laki arvo-osuustileistä 827/1991, as amended) 36. Tax Gross Up (Condition 6.2 of the General Terms and Conditions): 37. Date of corporate authorisation obtained for the issuance of Warrants: Applicable Not applicable Signed on behalf of the Issuer:

13 By: Duly authorised

14 PART B OTHER INFORMATION 1. LISTING AND ADMISSION TO TRADING (i) Listing: Application has been made for the Warrants to be listed on the Nordic Derivatives Exchange (NDX), a part of the regulated market Nordic Growth Market NGM AB. (ii) Admission to trading: Application has been made for the Warrants to be admitted to trading on the Nordic Derivatives Exchange (NDX), a part of the regulated market Nordic Growth Market NGM, with effect from the Issue Date. There can be no assurance that the listing and trading of the Warrants will be approved with effect on the Issue Date or at all. 2. RATINGS The Warrants to be issued have not been rated. 3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER Save for any fees payable to the Dealer, so far as the Issuer is aware, no person involved in the issue of the Warrants has an interest material to the offer. 4. USE OF PROCEEDS, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES (i) Use of proceeds: Not applicable (ii) Estimated net proceeds: Not applicable (iii) Estimated total expenses: Not applicable 5. PERFORMANCE OF FORMULA, EXPLANATION OF EFFECT ON VALUE OF INVESTMENT AND ASSOCIATED RISKS Unless the Product has been previously exercised or cancelled, the Product Formula used to determine the Final Settlement Price in respect of this Product is determined on the basis of the level of the Leveraged Strategy. The strategy to which the performance of the Warrant is linked is the Leveraged Strategy which consists of leveraged exposure to the Underlying with a Leverage factor "Leverage" and a hypothetical money market instrument. The notional exposure of the Leveraged Strategy to the Underlying is revised on each Valuation Date in order to take into account the Leveraged Strategy Closing Level as of the previous Valuation Date, as further described above. 6. OPERATIONAL INFORMATION (i) Security identification code(s):

15 (ii) - ISIN code: - Local code: Clearing System(s): DE000SG7YCN5 BULL DAX X15 S 2 Euroclear Finland Ltd PL 1110, 00101, Helsinki, Finland (iii) Delivery: Delivery against payment (iv) Calculation Agent: Société Générale 29, boulevard Haussmann, Paris, France (v) Agent(s): Nordea Bank Finland Plc Aleksis Kiven katu 3-5 Helsinki, Finland 7. DISTRIBUTION (i) Method of distribution: Non-syndicated - Names and addresses and any underwriting commitment of the Dealers: Société Générale 29, boulevard Haussmann, Paris, France The Dealer will initially subscribe on the Issue Date for 100 per cent. of the Warrants to be issued. (ii) Total commission and concession: There is no commission and/or concession paid by the Issuer to the Dealer (iii) Non-exempt Offer: Applicable A Non-exempt offer of the Warrants may be made by the Dealer in the public offer jurisdiction - the consent only extends to the use of this Base Prospectus to make Non-exempt Offers of the Warrants in Finland (Public Offer Jurisdiction) during the offer period (Offer Period) as specified in the paragraph "Public Offers in European Economic Area" below. (iv) Individual Consent / Name(s) and addresse(s) of any Initial Authorised Offeror: Applicable Société Générale 29, boulevard Haussmann, Paris, France (v) General Consent: Not applicable (vi) Other conditions to consent: Not applicable 8. PUBLIC OFFERS IN EUROPEAN ECONOMIC AREA - Public Offer Jurisdiction(s): Finland

16 - Offer Period: From 04/09/2015 to 04/12/ Offer Price: The Warrants will be offered at a price which will be determined by the Dealer on the date of sale, such price being calculated by reference to the price at which the Dealer is prepared to sell the Warrants after taking into account such factors as it deems appropriate in connection with the relevant offer which may include (without limitation) market conditions, the terms of the Warrants, the level of subscriptions and macroeconomic conditions (including but not limited to political and economic situations and outlooks, growth rates, inflation, interest rates, credit spread and interest rate spreads). The Dealer will publish the price at which the warrants are offered on - Conditions to which the offer is subject: - Description of the application process: - Details of the minimum and/or maximum amount of application: - Details of the method and time limits for paying up and delivering the Warrants: - Manner and date in which results of the offer are to be made public: - Whether Issue(s) has/have been reserved for certain countries: - Process for notification to applicants of the amount allotted and the indication whether dealing may begin before notification is made: Not applicable The distribution activity will be carried out in accordance with the Initial Authorised Offeror's usual procedures. Prospective investors will not be required to enter into any contractual arrangements directly with the Issuer in relation to the subscription of the Warrants. Not applicable The Warrants will be issued on the Issue Date against payment to the Issuer of the net subscription moneys. The Warrants will be delivered on any day during the offer by payment of the purchase price by the Warrantholders to the Dealer. In connection with the public offer of the Warrants, each investor will be notified by the Dealer or the relevant financial intermediary of its allocation of Warrants. Not applicable In connection with the public offer of the Warrants, each investor will be notified by the Initial Authorised Offeror or the relevant financial intermediary of its allocation of Warrants at any time during or after the end of the Offer Period. None of the Issuer or the Guarantor is responsible for such notification. No dealings in Warrants may take place prior to the Issue Date. - Amount of any expenses and taxes specifically charged to the subscriber or purchaser: Not applicable

17 - Name(s) and address(es), to the extent known to the Issuer, of the placers in the various countries where the offer takes place: None 9. ADDITIONAL INFORMATION - Minimum investment in the Warrants: One (1) Warrant - Minimum trading: One (1) Warrant

18 ISSUE SPECIFIC SUMMARY Summaries are made up of disclosure requirements known as Elements, the communication of which is required by Annex XXII of the Commission Regulation (EC) No 809/2004 as amended. These elements are numbered in Sections A E (A.1 E.7). This summary contains all the Elements required to be included in a summary for this type of securities and Issuer. Because some Elements are not required to be addressed, there may be gaps in the numbering sequence of the Elements. Even though an Element may be required to be inserted in the summary because of the type of securities and Issuer, it is possible that no relevant information can be given regarding the Element. In this case a short description of the Element is included in the summary with the mention of "Not applicable". Section A Introduction and warnings A.1 Warning This summary must be read as an introduction to the base prospectus. Any decision to invest in the warrants should be based on a consideration of the base prospectus as a whole by the investor. Where a claim relating to the information contained in the base prospectus and the applicable Final Terms is brought before a court, the plaintiff investor might, under the national legislation of the Member States, have to bear the costs of translating the base prospectus before the legal proceedings are initiated. Civil liability attaches only to those persons who have tabled this summary, including any translation thereof, but only if the summary is misleading, inaccurate or inconsistent when read together with the other parts of the base prospectus or it does not provide, when read together with the other parts of this base prospectus, key information in order to aid investors when considering whether to invest in the warrants. A.2 Consent to the use of the Base Prospectus The Issuer consents to the use of this base prospectus relating to a warrants issuance programme (the Programme) pursuant to which each of Société Générale, SG Issuer, SGA Société Générale Acceptance N.V. and Société Générale Effekten GmbH may from time to time issue warrants (the Base Prospectus) in connection with a resale or placement of warrants issued under the Programme (the Warrants) in circumstances where a prospectus is required to be published under the article 5.4 of Directive 2003/71/EC as amended (the Prospectus Directive) (a Non-exempt Offer) subject to the following conditions: - the consent is only valid during the offer period from 04/09/2015 to 04/12/2015 (the Offer Period); - the consent given by the Issuer for the use of the Base Prospectus to make the Non-exempt Offer is an individual consent (an Individual Consent) in respect of Société Générale, 29, boulevard Haussmann, Paris, France (the Initial Authorised Offeror) and if the Issuer appoints any additional financial intermediaries after the date of the final terms (being 04/09/2015) (the Final Terms) and publishes details of them on its website, each financial intermediary whose details are so published (each an Additional Authorised Offeror; and - the consent only extends to the use of this Base Prospectus to make Non-exempt

19 Offers of the Warrants in Finland. The information relating to the conditions of the Non-exempt Offer shall be provided to the investors by any Initial Authorised Offeror at the time the offer is made. Section B Issuer and Guarantor B.1 Legal and commerci al name of the Issuer B.2 Domicile, legal form, legislation and country of incorporation Société Générale Effekten GmbH (or the Issuer) Domicile: Neue Mainzer Strasse 46-50, Frankfurt am Main, Germany. Legal form: Limited liability company (Gesellschaft mit beschränkter Haftung (GmbH)). Legislation under which the Issuer operates: German law. Country of incorporation: Germany. B.4b Known trends affecting the Issuer and the industries in which it operates The Issuer expects to continue its activity in accordance with its corporate objects over the course of B.5 Descriptio n of the Issuer's group and the Issuer's position within the group The Group offers a wide range of advisory services and tailored financial solutions to individual customers, large corporate and institutional investors. The Group relies on three complementary core businesses: French Retail Banking; International Retail Banking, Financial Services and Insurance; and Corporate and Investment Banking, Private Banking, Asset and Wealth Management and Securities Services. The Issuer is a subsidiary of the Group and has no subsidiaries

20 B.9 Figure of profit forecast or estimate of the Issuer B.10 Nature of any qualificati ons in the audit report on the historical financial information Not applicable. The Issuer does not make any figure of profit forecast or estimate. Not applicable. The audit report does not include any qualification

21 B.12 Selected historical key financial information regarding the Issuer (in EUR) December 31, 2014 (audited) December 31, 2013 (audited) (000) (000) Operating revenues Profit from operations 0 0 Profit from continuing operations Basic and diluted earnings per share Total assets 22,304,156 21,851,346 Dividends declared per share 0 0 No material adverse change in the prospects of the Issuer since the date of its last published audited financial statements There has been no material adverse change in the prospects of the Issuer since 31 December

22 Significan t changes in the Issuer's financial or trading position subseque nt to the period covered by the historical financial information B.13 Recent events particular to the Issuer which are to a material extent relevant to the evaluation of the Issuer's solvency B.14 Statement as to whether the Issuer is dependent upon other entities within the group B.15 Descriptio n of the Issuer's principal activities Not applicable. There has been no significant change in the Issuer's financial or trading position since 31 December Not applicable. There have been no recent events particular to the Issuer which are to a material extent relevant to the evaluation of the Issuer's solvency. See Element B.5 above for the description of the Issuer's position within the Group. Société Générale Effekten GmbH is dependent upon Société Générale within the Group. The business purpose of Société Générale Effekten GmbH is the issue and sale of securities as well as related activities, with the exception of those requiring a licence. It is engaged in the issue and placement of securities, mainly warrants and certificates, as well as related activities. Banking business as defined by the German Banking Act (Kreditwesengesetz, KWG) is not included in the business purpose. Société Générale Effekten GmbH is a financial entity as defined in Sec. 1(3) Sentence 1 No. 5 KWG

23 B.16 To the extent known to the Issuer, whether the Issuer is directly or indirectly owned or controlled and by whom, and descripttion of the nature of such control B.18 Nature and scope of the guarantee B.19 Informatio n about the Guarantor as if it were the issuer of the same type of security that is subject of the guarantee B.19 / B.1 Legal and commerci al name of the Guarantor Société Générale Effekten GmbH is a wholly owned subsidiary of Société Générale, Paris and is a fully consolidated company. The Warrants are unconditionally and irrevocably guaranteed by Société Générale (the Guarantor) pursuant to the guarantee dated 31 July 2015 (the Guarantee). The Guarantee constitutes a direct, unconditional, unsecured and general obligation of the Guarantor and ranks and will rank pari passu with all other existing and future direct, unconditional, unsecured and general obligations of the Guarantor, including those in respect of deposits. The information about Société Générale as if it were the issuer of the same type of Warrants that is subject of the Guarantee is set out in accordance with Elements B.19 / B.1, B.19 / B.2, B.19 / B.4b, B.19 / B.5, B.19 / B.9, B.19 / B.10, B.19 / B.12, B.19 / B.13, B.19 / B.14, B.19 / B.15 and B.19 / B.16 below, respectively: Société Générale (or the Guarantor)

24 B.19 / B.2 Domicile, legal form, legislation and country of incorporation Domicile: 29, boulevard Haussmann, Paris, France. Legal form: Public limited liability company (société anonyme). Legislation under which the Guarantor operates: French law. Country of incorporation: France. B.19 / B.4b Known trends affecting the Guarantor and the industries in which it operates 2014 was another challenging year for the economy, with global activity posting only moderate growth that varied by region. This trend is expected to carry over into 2015, which is shaping up to deliver a weaker-than-expected global economic recovery amid myriad uncertainties both on the geopolitical front and on the commodity and forex markets. The euro zone is struggling to return to more dynamic growth, thus slowing the reduction of public deficits. Interest rates should remain at record lows, but the deflationary risk should be kept under control by the intervention of the ECB which has announced the implementation of a more accommodative monetary policy and the use of its balance sheet to support growth. The depreciation of the euro and falling oil prices should help boost exports and stimulate domestic demand. The US economy should stay on a positive track and the Fed is expected to begin tightening its monetary policy mid-year. Emerging countries have entered a phase of more moderate growth, in particular China. Russia's economy is struggling with the consequences of the Ukrainian crisis coupled with the drop in commodity prices. From a regulatory standpoint, 2014 saw the implementation of the Banking Union. The European Central Bank took the helm of the Single Supervisory Mechanism, overseeing some 130 euro zone banks, with the aim of strengthening the banking system, restoring the confidence of economic operators, harmonising banking supervision rules and reducing the link between banks and their national authorities. In terms of regulatory ratios, the Société Générale Group (the Group) can already meet the new requirements. B.19 / B.5 Descriptio n of the Guarantor 's group and the Guarantor 's position within the group The Group offers a wide range of advisory services and tailored financial solutions to individual customers, large corporate and institutional investors. The Group relies on three complementary core businesses: French Retail Banking; International Retail Banking, Financial Services and Insurance; and Corporate and Investment Banking, Private Banking, Asset and Wealth Management and Securities Services. The Guarantor is the parent company of the Group

25 B.19 / B.9 Figure of profit forecast or estimate of the Guarantor Not applicable. The Guarantor does not make any figure of profit forecast or estimate. B.19 / B.10 Nature of any qualificati ons in the audit report on the historical financial information Not applicable. The audit report does not include any qualification

26 B.19 / B.12 Selected historical key financial information regarding the Guarantor Year ended 2014 (audited, except as Year Quarter (non audited) mentione d otherwis e (*) ) Quarter (non audited) ended 2013 (audited) (1) Results (in EUR M) Net Banking Income 6,353 23,561 5,656 (*) 22,433 Operating income 1,298 4,557 (*) 916 (*) 2,336 Net income before 962 2, 978 (*) 239 (*) 2,394 non-controlling interests Net income 868 2,679 (*) 169 (*) 2,044 French Retail 273 1,204 (*) 291 (*) 1,196 Banking International Retail (*) (343) (*) 983 Banking & Financial Services Global Banking and 522 1,909 (*) 430 (*) 1,206 Investor Solutions Corporate Centre (66) (804) (*) (209) (*) (1,341) Net cost of risk (613) (2,967) (667) (*) (4,050) Cost/income ratio (2) 70% 68% (*) 72% (*) 67.0% ROE after tax (3) 6.9% 5.3% 0.8% (*) 4.1% Tier 1 Ratio 12.4% 12.6% 11.8% 11.8% Activity (in EUR bn) Total assets and 1, , , ,214.2 liabilities Customer loans Customer deposits Equity (in billions of euros) Group shareholders' equity Total consolidated equity Cash flow statements (in billions of euros) Net inflow (outflow) in cash and cash equivalents NC (10,183) NC (981) (1) Items relating to the results for 2013 have been restated due to the implementation of IFRS 10 & 11. (2) excluding the revaluation of own financial liabilities and DVA (3) Group ROE calculated on the basis of average Group shareholders equity under IFRS (including IAS and IFRS 4), excluding unrealised capital losses and gains except for translation reserves, deeply subordinated notes, undated subordinated notes and after deduction of interest payable to holders of these notes. (*) Note that the data for the 2014 financial year have been restated, on , due to the implementation on January 1st, 2015 of the IFRIC 21 standard resulting in the publication of adjusted data for the previous financial year.]

27 B.19 / B.13 No material adverse change in the prospects of the Guarantor since the date of its last published audited financial statements Significan t changes in the Guarantor 's financial or trading position subseque nt to the period covered by the historical financial information Recent events particular to the Guarantor which are to a material extent relevant to the evaluation of the Guarantor 's solvency There has been no material adverse change in the prospects of the Guarantor since 31 December Not applicable. There has been no significant change in the Guarantor's financial or trading position since 31 March Not applicable. There have been no recent events particular to the Guarantor which are to a material extent relevant to the evaluation of the Guarantor's solvency

28 B.19 / B.14 Statement as to whether the Guarantor is dependent upon other entities within the group See Element B.19 / B.5 above for the description of the Guarantor's position within the Group. Société Générale is the ultimate holding company of the Group. However, Société Générale operates its own business; it does not act as a simple holding company vis-à-vis its subsidiaries. B.19 / B.15 Descriptio n of the Guarantor 's principal activities See Element B.19 / B.5 above

29 B.19 / B.16 To the extent known to the Guarantor, whether the Guarantor is directly or indirectly owned or controlled and by whom, and descriptio n of the nature of such control Not applicable. To its knowledge, Société Générale is not owned or controlled, directly or indirectly (under French law) by another entity. Section C Securities C.1 Type and the class of the securities being offered and/or admitted to trading, including any security identificati on number The Warrants are linked to an index (Index Linked Warrants). ISIN code of the Warrants: DE000SG7YCN5 Local Code of the Warrants: BULL DAX X15 S 2 C.2 Currency of the securities issue C.5 Descriptio n of any restriction s on the free transferab The Settlement Currency is EUR Not applicable. There is no restriction on the free transferability of the Warrants, subject to selling and transfer restrictions which apply in certain jurisdictions (including, without limitation, the United States)